1. What does a Private Appraisal cost?

Most appraisal or consulting assignments require some level of inspection, research and written reconciliation. Fees are reflected in amount of time and professional expertise required to complete the assignment and report. Client and appraiser agree in writing to a fee and payment method in advance of the start of work. 

2. Can the appraisal be used for lending or mortgage purposes?

Typically, a lender picks their own appraiser and report type. Depending on their preferences and with written permission in the form of an assigment, a a paralell report meeting secondary market standards can be completed. There can be no change in the effective date of the report under these circumstances. This is considered a new appraisal assignment and an additional fee will be charged.

3. What is the difference between appraisal and consulting services?

Appraisals culminate in a written report with a single estimate of market value. Consulting services extend beyond the report to include but not limited to "what if scenarios", brokerage, buy or sell decisions, investment and other real estate related activities.

4. Do you perform Private Appraisals in Maryland?

No.  Jim Jensen is a Certified Residential Real Estate Appraiser in only Virginia.

5. How much time does an appraisal take?

From time of inspection to delivery of the report, the time required is usually from one to two weeks. More detail and verification may be required for a Private Appraisal.

6. How much time does an appraisal take for an AMC?   

Generally, from time of inspection until final turn-in is between 1 and 2 days exclusive of weekends. 

7. How much time does a FHA appraisal require?

FHA appraisals require more time if improvement and/or site items require repair per guidelines.